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20121101
20121130
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CNBC
Nov 5, 2012 4:00am EST
. analysts say the data shows china's growth slowdown may be bottoming out. over to india now where the picture is more clear. service sector growth slowed down in october to its slowest in six months. europe's recession and america's sluggish economy played a large role in cutting demand for india's services. the sector makes up 60% of the country's economic output. >> ministers and central bankers are meeting in mexico day one of the summit saw a focus in the debt woes and weighing's fiscal cliff. ministers pushed the u.s. to act decisively to solve the debt ceiling impasse calling it the biggest short term threat to global growth. also a key week for greece. today the government will present either new austerity package to parliament. yesterday they warned the country would be forced out unless the new spending cuts are passed. >> the european central bank is investigating whether they've broken their own lending rules. the central bank may have accepted t-bills as collateral that was ineligible. that means those banks may have to find a further 16 billion euros to put up as what
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